Cambium Networks Changes Independent Auditor

TL;DR

Cambium just fired PwC and hired BDO as their new auditor.

AI Summary

Cambium Networks Corporation announced on April 5, 2024, a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged BDO USA, LLP as its new independent registered public accounting firm. This change is effective immediately.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.

Risk Assessment

Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact the company's financial health.

Key Players & Entities

• Cambium Networks Corporation (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Former Certifying Accountant
• BDO USA, LLP (company) — New Certifying Accountant
• April 05, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — on which registered Ordinary shares, $0.0001 par value CMBM Nasdaq Global Market

Filing Documents

• cmbm-20240405.htm (8-K) — 44KB
• cmbm-ex16_1.htm (EX-16.1) — 13KB
• img216359765_0.jpg (GRAPHIC) — 10KB
• 0000950170-24-043691.txt ( ) — 189KB
• cmbm-20240405.xsd (EX-101.SCH) — 25KB
• cmbm-20240405_htm.xml (XML) — 5KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. (a) Dismissal of Former Independent Registered Public Accounting Firm The Audit Committee (the "Committee") of the Board of Directors of Cambium Networks Corporation (the "Company") recently conducted a competitive selection process to determine the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The Committee invited several international public accounting firms to participate in this process, including KPMG LLP ("KPMG"), the Company's independent registered public accounting firm for the fiscal year ended December 31, 2023. As a result of this process, on April 5, 2024, the Committee approved the appointment of Grant Thornton LLP ("Grant Thornton") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. KPMG was dismissed as the Company's independent registered public accounting firm on April 5, 2024. The audit reports of KPMG on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2022 and 2023 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2022 and 2023, and the subsequent interim period through April 5, 2024, there were no disagreements (within the meaning of Item 304(a)(1)(iv)) with KPMG on any matters of accounting principles or practices, financial statement disclosure or auditing scope and procedures, which if not resolved to the satisfaction of KPMG, would have caused KPMG to make reference to the subject matter of such disagreement in their report on the Company's consolidated financial statements for such year. There were no reportable events (as that term is described in Item 304(a)(1)(v) of Regulation S-K) during the two fiscal years ended December 31, 2022 and 2023, and the subsequent interim pe

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 16.1 Letter from KPMG LLP to the Securities and Exchange Commission dated April 11, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAMBIUM NETWORKS CORPORATION Date: April 11, 2024 By: / s/ Sally J. Rau Name: Title: Sally Rau General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR